Increases childcare center tax abatements for large cities and extends application deadline.

This bill increases the amount of the childcare center tax abatement for certain properties in cities with a population of one million or more for tax years starting after July 1, 2025. It also extends the deadline for applying for such tax abatements to March 15, 2027. The bill specifies that no such tax abatements will be authorized for tax years starting after July 1, 2032.

Increases childcare center tax abatements for large cities and extends application deadline.

This bill increases the amount of the childcare center tax abatement for certain properties in cities with a population of one million or more for tax years starting after July 1, 2025. It also extends the deadline for applying for such tax abatements to March 15, 2027. The bill specifies that no such tax abatements will be authorized for tax years starting after July 1, 2032.